Can I retire at age 61 with 728,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$60,118$59,582$59,060$58,550$58,052$56,306
2 years$29,761$29,207$28,670$28,149$27,644$25,900
3 years$19,644$19,087$18,551$18,035$17,538$15,851
4 years$14,586$14,031$13,501$12,993$12,508$10,890
5 years$11,552$11,000$10,477$9,980$9,509$7,964
6 years$9,530$8,983$8,467$7,981$7,524$6,054
7 years$8,087$7,544$7,036$6,562$6,119$4,724
8 years$7,004$6,466$5,967$5,505$5,076$3,756
9 years$6,163$5,630$5,139$4,689$4,275$3,027
10 years$5,490$4,963$4,481$4,042$3,642$2,466
11 years$4,940$4,418$3,945$3,517$3,133$2,025
12 years$4,482$3,965$3,501$3,085$2,715$1,673
13 years$4,095$3,583$3,128$2,724$2,367$1,390
14 years$3,763$3,257$2,810$2,418$2,075$1,160
15 years$3,476$2,976$2,537$2,156$1,827$971
16 years$3,225$2,730$2,300$1,931$1,615$815
17 years$3,004$2,514$2,093$1,735$1,432$686
18 years$2,808$2,323$1,911$1,563$1,273$578
19 years$2,632$2,153$1,749$1,413$1,135$488
20 years$2,474$2,001$1,606$1,279$1,014$413
21 years$2,332$1,864$1,477$1,161$907$349
22 years$2,202$1,740$1,361$1,056$813$296
23 years$2,084$1,627$1,257$962$730$251
24 years$1,976$1,525$1,162$877$656$213
25 years$1,877$1,431$1,076$801$590$181
26 years$1,785$1,345$998$732$532$154
27 years$1,701$1,265$927$670$479$131
28 years$1,623$1,192$862$614$433$111
29 years$1,550$1,125$802$563$391$94
30 years$1,482$1,062$747$517$353$80
31 years$1,419$1,004$696$475$319$68
32 years$1,359$950$650$436$289$58
33 years$1,304$900$607$401$261$49
34 years$1,252$853$567$369$236$42
35 years$1,202$809$530$340$214$36
36 years$1,156$768$496$313$194$31
37 years$1,113$729$464$288$176$26
38 years$1,071$693$435$266$159$22
39 years$1,032$659$407$245$145$19
40 years$995$627$382$226$131$16
41 years$960$597$358$209$119$14
42 years$927$568$336$192$108$12
43 years$895$542$315$178$98$10
44 years$865$516$296$164$89$8
45 years$836$492$278$151$81$7
46 years$809$470$261$140$73$6
47 years$783$448$245$129$67$5
48 years$758$428$230$119$60$4
49 years$734$409$216$110$55$4
50 years$711$390$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $728,000, adding $4,533 every year, while hoping to spend $53,306 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/44/5 Blend
60$728,000$728,000$728,000$728,000
61$806,932$768,348$757,064$846,920
62$832,522$749,280$725,708$855,501
63$858,935$727,491$691,516$858,656
64$886,200$702,791$654,335$860,796
65$914,345$674,980$614,008$861,837
66$943,400$643,846$570,368$861,689
67$973,395$609,163$523,245$860,256
68$1,004,364$570,695$472,456$857,438
69$1,036,340$528,190$417,815$853,129
70$1,069,358$481,383$359,122$847,216
71$1,103,454$429,992$296,174$839,578
72$1,138,666$373,721$228,756$830,089
73$1,175,033$312,256$156,642$818,615
74$1,212,597$245,267$79,600$805,015
75$1,251,400$172,404$0$789,139
76$1,291,487$93,296$0$770,968
77$1,332,905$7,554$0$754,736
78$1,375,703$0$0$736,028
79$1,419,932$0$0$755,943
80$1,465,645$0$0$780,309
81$1,512,899$0$0$805,499
82$1,561,752$0$0$831,545
83$1,612,266$0$0$858,480
84$1,664,505$0$0$886,339
85$1,718,538$0$0$915,158
86$1,774,437$0$0$944,978
87$1,832,277$0$0$975,838
88$1,892,136$0$0$1,007,781
89$1,954,100$0$0$1,040,853
90$2,018,257$0$0$1,075,103
91$2,084,700$0$0$1,110,580
92$2,153,529$0$0$1,147,340
93$2,224,848$0$0$1,185,439
94$2,298,769$0$0$1,224,937
95$2,375,410$0$0$1,265,900
96$2,454,896$0$0$1,308,395
97$2,537,362$0$0$1,352,497
98$2,622,949$0$0$1,398,282
99$2,711,810$0$0$1,445,833
100$2,804,106$0$0$1,495,240